MCF Energy Ltd announced a non-brokered private placement of 16,666,667 units at a price of CAD 0.15 per Unit for gross proceeds CAD 2,500,000.05 on July 3, 2024. Each Unit will consist of one common share and one full common share purchase warrant with each Warrant entitling the holder to acquire an additional common share at an exercise price of CAD 0.16 for a period of 24 months from the date of issuance. Completion of the Offering remains subject to the approval of the TSX Venture Exchange.

All securities issued in connection with the Offering will be subject to a four-month-and-one-day statutory hold period. In connection with the Offering, the Company may pay finders' fees of up to 6% of the gross proceeds raised by the Company from the sale of Units to subscribers directly introduced to the Company by eligible finders.